Wasn't enough strength to get through that gap. Thats why you want to wait for price to get to the target area and find the appropriate volume. You can now plainly see where teh price is in relation to previous demand zones and it not usally a good idea to short into one of these. We want to wait to see what happens there. If it comes up and hits sellers after gaining some distance away from the previous demand zone, then it might be worth the risk if the selling shows.
But thats the game. Patience. Its not a perfect science and it is challenging. Especially if you dont understand technial analysis or Wyckoff and are still at the stage where you are looking for the exact schematic to play out.
But thats the game. Patience. Its not a perfect science and it is challenging. Especially if you dont understand technial analysis or Wyckoff and are still at the stage where you are looking for the exact schematic to play out.